SAAMCO BANK: Date Of Inception: 24-11-1964
Registration No : 874/DYR/MYS/6465
RBI. Reg No. : 9/12/2000(UBD K.A.N0016P)

SAMMCO Bank was starred in the year 1964, starred as a dream by the Founding President Mr Shame Gowda to give a new lease of life to co-operative societies as in 1960 around 80% of the already set up Co Operative societies in Shimoga were in trouble.

Initially starred as a co operative society for Beetel Nuts Merchant with only 24 Internal and 17 external members, The Honourable Founder President started the bank’s journey as a Promoter.

Completing a Glorious 52 years as on 2017 SAMMCO BANK has come a long way since it’s induction.

It stands tall with a current operational Transaction of 3253 crores.

It also come a long way since it’s inception providing a wide range of Privileged services to its Customers ranging from Computerised Banking System for smooth and effective operations.
Various technology driven modes of transactions like RTGS, NEFT, E TAX Payment and also the need for the Hour Mobile Banking along with SMS alerts.

SAMMCO BANK also holds pride in paying its members a generous Dividend of 12% and also stands firmly amongst its Competitors with a PAT of INR 157.63 Lacs.

With a member stronghold of 4117 members the Bank has a total share amount of 3,15,56,190 INR at the beginning of this Financial Year.

As on date SAMMCO BANK has held 19 internal Meetings and 38 meetings regarding loans.
SAAMCO BANK: Date Of Inception: 24-11-1964
Registration No : 874/DYR/MYS/6465
RBI. Reg No. : 9/12/2000(UBD K.A.N0016P)

SAMMCO Bank was starred in the year 1964, starred as a dream by the Founding President Mr Shame Gowda to give a new lease of life to co-operative societies as in 1960 around 80% of the already set up Co Operative societies in Shimoga were in trouble.

Initially starred as a co operative society for Beetel Nuts Merchant with only 24 Internal and 17 external members, The Honourable Founder President started the bank’s journey as a Promoter.

Completing a Glorious 52 years as on 2017 SAMMCO BANK has come a long way since it’s induction.

It stands tall with a current operational Transaction of 3253 crores.

It also come a long way since it’s inception providing a wide range of Privileged services to its Customers ranging from Computerised Banking System for smooth and effective operations.
Various technology driven modes of transactions like RTGS, NEFT, E TAX Payment and also the need for the Hour Mobile Banking along with SMS alerts.

SAMMCO BANK also holds pride in paying its members a generous Dividend of 12% and also stands firmly amongst its Competitors with a PAT of INR 157.63 Lacs.

With a member stronghold of 4117 members the Bank has a total share amount of 3,15,56,190 INR at the beginning of this Financial Year.

As on date SAMMCO BANK has held 19 internal Meetings and 38 meetings regarding loans.

9844235678 / 295484

THE SHIMOGA ARECANUT MANDY MERCHANTS COOPERATIVE BANK LTD., APMC, SHIMOGA
BOARD OF DIRECTORS 2020 -2025

The Team behind SAMMCO’s Success:

Founder President- Mr Shame Gowda

Previously president of DCCB Bank in Shimoga and Ex-Member of the Legislative Council. SAMMCO BANK is the execution of his Dream to revolutionise the way Co Operative banks operated and were looked upon by the Customers.

In his tremendous experience of 17 years he has made sure the Bank has no previous lending loans since 25 years of operations.

A great leader and a Visionary he is still is available on Call to attend to the operations of the Bank he says “starting as a promoter in the bank he is happy with the pr ge was of the Bank from small to big”. He also thanks the present director Mr Sathya Narayan who has helped in crossing the memberships from 700 to the present 4117 meeting the requirements of RBI.

General Manager- Mr B.R. Chandramouli

Being active and efficient in his post of General Manager for the Past 14 Years, Mr Chandramouli has been the Constant Support for his fellow employees at the Bank.
An humble individual and a strategic goal achiever he sets great standards for the others to follow and is regarded as one of the best Managers a Bank must have.

He says “it’s for the gracious support of the stakeholders and their trust which has helped the organisation grow, and he intends to continue his services towards the Bank and take it to new heights.